Marvell Technology Group Stock Forecast, Price & News

Marvell Technology Group's stock was trading at $22.01 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MRVL shares have increased by 72.9% and is now trading at $38.05.
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23 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 4 hold ratings and 19 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Marvell Technology Group is scheduled to release its next quarterly earnings announcement on Tuesday, December 1st 2020.
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Marvell Technology Group Ltd. (NASDAQ:MRVL) posted its quarterly earnings data on Thursday, August, 27th. The semiconductor company reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.01. The semiconductor company had revenue of $727.30 million for the quarter, compared to analyst estimates of $720.88 million. Marvell Technology Group had a return on equity of 3.10% and a net margin of 50.67%. The firm's quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.16 earnings per share.
View Marvell Technology Group's earnings history.

Marvell Technology Group announced a quarterly dividend on Friday, September 25th. Investors of record on Monday, October 12th will be given a dividend of $0.06 per share on Wednesday, October 28th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.63%.
View Marvell Technology Group's dividend history.

Marvell Technology Group declared that its Board of Directors has authorized a share repurchase program on Tuesday, October 16th 2018, which permits the company to buyback $1,000,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 7.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Marvell Technology Group issued an update on its third quarter earnings guidance on Thursday, August, 27th. The company provided earnings per share guidance of $0.22-0.28 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.25. The company issued revenue guidance of $712.5-787.5 million, compared to the consensus revenue estimate of $766.51 million.

23 equities research analysts have issued twelve-month price targets for Marvell Technology Group's shares. Their forecasts range from $25.00 to $50.00. On average, they expect Marvell Technology Group's stock price to reach $39.50 in the next twelve months. This suggests a possible upside of 3.8% from the stock's current price.
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Marvell Technology Group saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 17,560,000 shares, an increase of 17.4% from the August 15th total of 14,960,000 shares. Based on an average trading volume of 7,920,000 shares, the days-to-cover ratio is currently 2.2 days.
View Marvell Technology Group's Short Interest.

Some companies that are related to Marvell Technology Group include NVIDIA (NVDA), Intel (INTC), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Analog Devices (ADI), Microchip Technology (MCHP), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), First Solar (FSLR), Cree (CREE), Inphi (IPHI) and Silicon Laboratories (SLAB).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology Group investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), QUALCOMM (QCOM), Alibaba Group (BABA), Intel (INTC), salesforce.com (CRM), Walt Disney (DIS), Cisco Systems (CSCO) and Square (SQ).

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Marvell Technology Group's stock is owned by a variety of institutional and retail investors. Top institutional investors include FMR LLC (12.94%), Vanguard Group Inc. (9.40%), Nuveen Asset Management LLC (1.80%), Goldman Sachs Group Inc. (1.55%), Neuberger Berman Group LLC (0.84%) and Bank of America Corp DE (0.70%). Company insiders that own Marvell Technology Group stock include Andrew Micallef, Dan Christman, Dean E Jr Jarnac, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Oleg Khaykin, Richard Hill, Syed Ali and Willem A Meintjes.
View institutional ownership trends for Marvell Technology Group.

MRVL stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, FIL Ltd, Vanguard Group Inc., TimesSquare Capital Management LLC, Menora Mivtachim Holdings LTD., Victory Capital Management Inc., Goldman Sachs Group Inc., and Russell Investments Group Ltd.. Company insiders that have sold Marvell Technology Group company stock in the last year include Andrew Micallef, Dan Christman, Dean E Jr Jarnac, Jean X Hu, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Richard Hill, and Willem A Meintjes.
View insider buying and selling activity for Marvell Technology Group.

MRVL stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Holocene Advisors LP, Ceredex Value Advisors LLC, Neuberger Berman Group LLC, Bank of America Corp DE, Great West Life Assurance Co. Can, Robecosam AG, and CIBC Private Wealth Group LLC. Company insiders that have bought Marvell Technology Group stock in the last two years include Jean X Hu, and Michael G Strachan.
View insider buying and selling activity for Marvell Technology Group.

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of MRVL stock can currently be purchased for approximately $38.05.

Marvell Technology Group has a market capitalization of $25.50 billion and generates $2.70 billion in revenue each year. The semiconductor company earns $1.58 billion in net income (profit) each year or $0.32 on an earnings per share basis. Marvell Technology Group employs 5,633 workers across the globe.

The official website for Marvell Technology Group is www.marvell.com.

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]